Mangalore Refinery & Petrochemicals (MRPL) has reported results for second quarter ended September 30, 2014.
The company has reported a net loss of Rs 951.47 crore for the quarter under review as compared to a net profit of Rs 235.77 crore for the same quarter in the previous year. Total income of the company has decreased 14.33% at Rs 16101.42 crore for Q2FY15 as compared Rs 18795.78 crore for the corresponding quarter previous year.
MRPL, a schedule ‘A’ CPSE and a subsidiary of ONGC is a State of Art Grassroot Refinery located in a beautiful hilly terrain, north of Mangalore city, in Dakshin Kannada region.